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Car Loan EMI Calculator

Loan Amount in between 1Lakh to 1Cr
Tenure years in between 1 to 7
Interest Rate in between 5 to 25

Equated Monthly Installment (EMI) will be1,42,922

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Car Loans

Car Loans from Axis Bank pave the smoothest path to owning your dream vehicle. With financing up to ₹1 lakh and more, enjoy favourable interest rates and beneficial terms. Calculate your EMI easily online and make informed decisions as you approach your car purchase.

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Features and benefits of Car Loan

  • Quick disbursal in just 30 minutes: Time is precious, and so is the joy of driving your new car. That's why our Car Loans are structured for speed, with funds disbursed in as little as 30 minutes. Apply for a car loan online, and you can instantly start the ignition for your car purchase.
  • High loan amount: Whether a compact hatchback or a luxury sedan, our new car finance offers a high loan amount, giving you the flexibility to choose a car that best fits your lifestyle and budget. With generous financing, your ideal car need not be just a dream.
  • Flexible repayments: Tailor your loan to suit your financial journey with our flexible repayments. Choose a tenure that works for you, allowing you to enjoy your car without the pressure of overwhelming dues. Our repayment plans are adaptable, with options to prepay or part-pay, giving you control over your financial commitments.
  • 3,000+ car dealers: With a network of over 3,000+ car dealers, you are spoilt for choice. Our partnerships ensure you get a wide range of cars to select from and deals that are hard to resist. This extensive network gives you access to multiple brands under one roof and empowers you to negotiate better prices. Plus, our relationships with dealers allow you to benefit from exclusive offers and promotions, enhancing the value of your purchase.
  • Preferred pricing: Loyalty should be rewarded, and with Axis Bank Car Finance, it is. Enjoy preferred pricing on your Auto Loan rates, making your Car Loan experience as rewarding as the drive in your new car. This pricing structure means lower EMIs and more savings over the loan tenure, which can be used towards your car’s maintenance and accessories or simply saved for the future.
  • Insurance: Drive with peace of mind, knowing that our Car Loans often come with the option of insurance coverage. Protect your car against unforeseen events from the start with attractive premium options. The insurance plans have many benefits, including hassle-free claims and high coverage amounts, ensuring that your financial security is not compromised in case of an accident or theft. Additionally, the convenience of bundling your loan and insurance paperwork can save you time and further streamline the buying process.
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Car Loan eligibility

To be eligible for a Car Loan, you must be within a certain age range, have a stable income, and meet credit score requirements. Other factors that can influence eligibility include employment type, history, and the type of car you wish to purchase. Checking your eligibility before applying is a smooth road to ensure you can proceed with your car finance plans.

How to Apply for a Car Loan

1. Online: The fast lane to apply for an Auto Loan is online. You can complete the application, upload the necessary documents from the comfort of your home, and get quick approval. It's secure, swift, and simple, ensuring that your car-buying journey is as enjoyable as the drives you plan to take. Additionally, Axis Bank's online platform is equipped with tools such as the EMI calculator, which helps you plan your finances effectively. You'll also receive real-time assistance via chat or phone should you need any help during the application process.

2. Offline: Would you prefer a personal touch? You can visit any of our branches or associated car dealerships to apply for a new Car Loan in person. Our friendly staff will guide you through the process, answer all your questions, and help you with the paperwork for a smooth application experience. This method allows for a personalized assessment and custom recommendations that suit your financial profile. Furthermore, our in-person services often include immediate on-site loan quotes, so you can make informed decisions without delay.


Car Loan FAQs

Can I receive a car loan with 100% funding?

Yes, Axis Bank’s New Car Loan facility offers loans starting from ₹1 Lakh and up to the 100% on-road price. You can get a car loan of up to 100% funding on select models, attractive Car Loan Calculator, and other benefits.

Do I require a guarantor or security when applying for a car loan?

A car Loan does not necessarily require any other security or guarantor. A car loan enables you to buy a car of your choice with the help of the arrangement of funds from Axis Bank. You thus repay this loan through regular EMIs. Your vehicle is used as collateral and will be hypothecated to Axis Bank for the loan period.

What is the required CIBIL (credit score) for a car loan?

A CIBIL credit score is based on your payment history across loans and credit cards. A CIBIL credit score 750 is considered a minimum score for a seamless and hassle-free loan approval.

The higher the score, the better since it increases your chances of getting your new or used car loan approved.

Can I prepay the full loan amount in advance? Will the bank charge me a penalty?

Prepaying car loans means paying off the loan before the end of the tenure. Axis Bank does charge a foreclosure or part payment closure penalty at 5% of the outstanding principal.

Click here to know more about our car loan interest rates and charges.

How much EMI will be payable for a car loan?

With Axis Bank’s New Car Loan, you can get up to 100% on-road vehicle funding. However, the more down payment you make, the lesser loan you will have to borrow and hence lesser EMIs.

Hence, it is prudent to use our Car Loan EMI Calculator before applying to assess how much EMI you need to pay.

What are the minimum and maximum tenures of a Car Loan?
If you apply for New Car Loan with Axis Bank, you can choose flexible tenure ranging from 1 year to 7 years on selected schemes.
What documents are required for a Car Loan?
To get a car loan, you must submit a certain set of documents to ensure the swift processing of your loan. We understand documentation can be tedious. Hence, we require general documents like application forms, proforma invoices, passport-size photographs and KYC documents.

You can check the complete list of required car loan documents here.

What eligibility criteria are required to get a car loan?
Axis Bank’s car loan eligibility criteria may vary depending on the type of car loan you apply for. Salaried/ Self-employed individuals and Self-employed non-individuals as eligible to apply for car loans. Click on the links below for more details.
What is a pre-approved auto loan?
Pre-approved auto loan or car loan is when the lender considers the borrower eligible for a loan before they apply for it. This is usually available to existing bank customers and is largely based on income, credit score, balance maintained with the bank, etc. When you get a pre-approved loan, you don’t receive the funds; instead, you learn how much funds the lender may agree to give you and at what interest rate. Avail of pre-approved car loans with Axis Bank at affordable interest rates.
Where can I avail of car loan offers?
You can apply for Axis Bank’s Car Loan through any of the following three ways:

Contact our customer service

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